Windham County vs. Vermont
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2018
Introduction
Windham County:
2018 Earnings = $1,449,514K
2018 Percent of State = 6.6%
Vermont:
2018 Earnings = $22,057,433K
2018 Percent of State = 0.2%
Industry earnings are incomes received by people who are directly involved with producing goods and services. Earnings, referred to also as "labor and proprietors income", include (1) wage and salary disbursements, (2) other labor income such as employer contributions to private retirement and medical insurance programs, and (3) the net incomes of proprietors (i.e., the owners of unincorporated enterprises).
In contrast to the more frequently cited employment data, earnings data more accurately reflect qualitative differences in labor's contributions toward the production of goods and services, namely the productivity differences reflected in variations in earnings per job. Earnings data, therefore, are better for comparing and tracking long-term trends and identifying short-run shifts in the level and composition of economic activity within and among counties.
Just like the employment data compiled by BEA, earnings data are reported on a place-of-work, or more accurately on a place-where-earned, basis.
Note: the BEA earnings data presented and discussed here in the context of comparing and assessing the economic growth and performance of county and regional economies are entirely separate and apart from--and should not be confused with--corporate earnings, which are compiled from the balance sheets of individual private corporations.
Windham County Total Industry Earnings, 1969-2018
Current vs. Constant Dollars (Millions)
Windham County Total Industry Earnings, 1969-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Windham County's annual total industry earnings over 1969-2018 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Windham County over time.
When measured in current dollars, Windham County's total industry earnings increased 1,243.8%, from $108M in 1969 to $1,450M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 148.7%, from $539M in 1969 to $1,340M in 2018.
Real Total Industry Earnings, 1969-2018 (Millions)
Real Total Industry Earnings, 1969-2018 (Millions)
Figure 2.
Figure 2 traces Windham County's and Vermont's annual real total industry earnings for the period 1969-2018 to illustrate real total industry earnings patterns over time. During this 50-year period, Windham County's real total industry earnings rose from $539M in 1969 to $1,340M in 2018, for a net gain of $801M, or 148.7%. In comparison, Vermont's real total industry earnings advanced from $6,133M in 1969 to $20,397M in 2018, for a net gain of $14,263M, or 232.6%.
Real Total Industry Earnings Indices (1969=100): 1969-2018
Real Total Industry Earnings Indices (1969=100): 1969-2018
Figure 3.
Figure 3 portrays Windham County's real total industry earnings growth in a broader context by offering direct comparisons across time with Vermont, the United States. The growth indices shown here express each region's real total industry earnings in 1969 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total industry earnings growth between regions that may differ vastly in size.
Windham County's overall real total industry earnings growth was 148.7% over 1969-2018 trailed Vermont's increase of 232.6%, and fell below the United States' increase of 254.2%.
Total Industry Earnings as a Percent of the Vermont Total: 1969-2018
Total Industry Earnings as a Percent of the Vermont Total: 1969-2018
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Windham County is to trace its individual percentage contributions to Vermont's statewide total industry earnings over time, as shown in Figure 4. A rising share means a region's total industry earnings grew faster, or declined less, than Vermont's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Windham County's total industry earnings comprised 8.8% of Vermont's total industry earnings, while in 2018 it equated to 6.6% thereby yielding a -2.2% share-shift.
   
 
Total Industry Earnings Share-Shift
2018 vs. 1969
 
Share-
Shift*
 
2018
vs.
1969
-2.22%
=
6.57%
-
8.79%
 
   
Windham County Real Total Industry Earnings:
Annual Percent Change, 1970-2018
Windham County Real Total Industry Earnings:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 displays the short-run pattern of Windham County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2018. The average annual percent change for the entire 49-year period is also illustrated on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Windham County's real total industry earnings grew at an annual rate of 1.95% over 1970-2018. The county recorded its highest growth in 1983 (9.82%) and posted its lowest growth in 1975 (-6.68%). In 2018, Windham County's real total industry earnings declined by -1.28%
Windham County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2018
Windham County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2018
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again traces the annual percent change in Windham County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2018.
During the 1970s, Windham County's annual real total industry earnings growth rate averaged 2.49%. It averaged 4.08% during the 1980s, 2.21% throughout the 1990s, 0.53% in the 2000s, and 0.27% thus far this decade (2010 to 2018).
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Windham County noted in the previous graph with the corresponding decade averages for Vermont and the nation. As the chart reveals, Windham County's average annual real total industry earnings growth fell below Vermont's average during the 1970s (2.49% vs. 2.97%), exceeded Vermont's average throughout the 1980s (4.08% vs. 3.82%), posted below Vermont's average during the 1990s (2.21% vs. 2.67%), lagged Vermont's average during the 2000s (0.53% vs. 1.77%), and posted below Vermont's average over the 9 year period of the last decade, 2010-2018 (0.27% vs. 1.27%).
Finally, relative to nationwide real total industry earnings growth trends, Windham County fell under the nation in the 1970s (2.49% vs. 3.13%), surpassed the nation during the 1980s (4.08% vs. 2.62%), fell under the nation over the 1990s (2.21% vs. 3.43%), lagged the nation in the 2000s (0.53% vs. 1.49%), and posted below the nation over 2010-2018 (0.27% vs. 2.54%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.95
2.49
4.08
2.21
0.53
0.27
-1.28
 
2.52
2.97
3.82
2.67
1.77
1.27
0.93
 
2.64
3.13
2.62
3.43
1.49
2.54
2.80
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Windham County:
Total Industry Earnings, 1969-2018
 
1969
 
107,869
0.200
538,941
100.0
N
8.79
1970
 
118,529
0.210
565,744
105.0
4.97
8.97
1971
 
131,146
0.218
600,458
111.4
6.14
9.37
1972
 
136,323
0.226
603,573
112.0
0.52
8.88
1973
 
146,328
0.238
614,772
114.1
1.86
8.65
1974
 
153,817
0.263
585,301
108.6
-4.79
8.62
1975
 
155,512
0.285
546,231
101.4
-6.68
8.25
1976
 
176,149
0.300
586,538
108.8
7.38
8.30
1977
 
194,786
0.320
608,973
113.0
3.82
8.43
1978
 
228,658
0.342
668,376
124.0
9.75
8.44
1979
 
253,775
0.373
681,257
126.4
1.93
8.35
1980
 
271,462
0.413
657,898
122.1
-3.43
8.23
1981
 
297,421
0.450
661,553
122.8
0.56
8.20
1982
 
316,431
0.475
666,788
123.7
0.79
8.28
1983
 
362,282
0.495
732,267
135.9
9.82
8.79
1984
 
394,986
0.513
769,308
142.7
5.06
8.67
1985
 
438,761
0.531
825,763
153.2
7.34
8.77
1986
 
487,716
0.543
898,353
166.7
8.79
8.95
1987
 
536,677
0.560
958,968
177.9
6.75
8.87
1988
 
579,922
0.582
997,269
185.0
3.99
8.75
1989
 
612,368
0.607
1,009,010
187.2
1.18
8.54
1990
 
620,002
0.634
978,616
181.6
-3.01
8.35
1991
 
625,909
0.655
955,980
177.4
-2.31
8.34
1992
 
694,188
0.672
1,032,741
191.6
8.03
8.61
1993
 
731,257
0.689
1,061,454
197.0
2.78
8.69
1994
 
757,599
0.703
1,077,206
199.9
1.48
8.63
1995
 
791,494
0.718
1,102,190
204.5
2.32
8.72
1996
 
809,993
0.733
1,104,345
204.9
0.20
8.45
1997
 
834,113
0.746
1,117,769
207.4
1.22
8.29
1998
 
900,735
0.752
1,197,531
222.2
7.14
8.31
1999
 
953,192
0.763
1,248,647
231.7
4.27
8.15
2000
 
1,018,233
0.782
1,301,506
241.5
4.23
8.03
2001
 
1,054,927
0.797
1,322,992
245.5
1.65
7.81
2002
 
1,133,532
0.808
1,403,077
260.3
6.05
8.11
2003
 
1,135,088
0.824
1,378,236
255.7
-1.77
7.84
2004
 
1,181,277
0.844
1,399,435
259.7
1.54
7.71
2005
 
1,179,556
0.868
1,358,748
252.1
-2.91
7.47
2006
 
1,203,253
0.892
1,349,332
250.4
-0.69
7.39
2007
 
1,242,282
0.914
1,358,606
252.1
0.69
7.38
2008
 
1,257,804
0.942
1,335,532
247.8
-1.70
7.24
2009
 
1,234,651
0.941
1,312,146
243.5
-1.75
7.21
2010
 
1,319,327
0.957
1,378,535
255.8
5.06
7.40
2011
 
1,349,562
0.981
1,375,266
255.2
-0.24
7.25
2012
 
1,365,354
1.000
1,365,354
253.3
-0.72
7.14
2013
 
1,372,403
1.013
1,354,176
251.3
-0.82
7.03
2014
 
1,401,347
1.028
1,362,780
252.9
0.64
7.06
2015
 
1,468,901
1.030
1,425,495
264.5
4.60
7.22
2016
 
1,430,705
1.041
1,374,475
255.0
-3.58
6.87
2017
 
1,438,223
1.059
1,357,724
251.9
-1.22
6.72
2018
 
1,449,514
1.081
1,340,368
248.7
-1.28
6.57
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_1200_PSN
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Vermont:
Total Industry Earnings, 1969-2018
 
1969
 
1,227,584
0.200
6,133,320
100.0
N
0.19
1970
 
1,320,775
0.210
6,304,114
102.8
2.78
0.19
1971
 
1,399,716
0.218
6,408,663
104.5
1.66
0.19
1972
 
1,535,665
0.226
6,799,190
110.9
6.09
0.19
1973
 
1,691,241
0.238
7,105,458
115.9
4.50
0.18
1974
 
1,784,368
0.263
6,789,833
110.7
-4.44
0.18
1975
 
1,884,015
0.285
6,617,545
107.9
-2.54
0.18
1976
 
2,121,519
0.300
7,064,195
115.2
6.75
0.18
1977
 
2,310,209
0.320
7,222,563
117.8
2.24
0.18
1978
 
2,708,931
0.342
7,918,304
129.1
9.63
0.18
1979
 
3,038,824
0.373
8,157,698
133.0
3.02
0.18
1980
 
3,299,425
0.413
7,996,280
130.4
-1.98
0.18
1981
 
3,626,776
0.450
8,067,031
131.5
0.88
0.18
1982
 
3,822,058
0.475
8,053,898
131.3
-0.16
0.19
1983
 
4,121,902
0.495
8,331,451
135.8
3.45
0.19
1984
 
4,553,227
0.513
8,868,253
144.6
6.44
0.19
1985
 
5,005,704
0.531
9,420,906
153.6
6.23
0.19
1986
 
5,451,937
0.543
10,042,249
163.7
6.60
0.20
1987
 
6,047,853
0.560
10,806,685
176.2
7.61
0.20
1988
 
6,625,639
0.582
11,393,852
185.8
5.43
0.20
1989
 
7,167,531
0.607
11,810,069
192.6
3.65
0.21
1990
 
7,421,189
0.634
11,713,660
191.0
-0.82
0.20
1991
 
7,502,931
0.655
11,459,580
186.8
-2.17
0.20
1992
 
8,063,944
0.672
11,996,703
195.6
4.69
0.20
1993
 
8,411,612
0.689
12,209,853
199.1
1.78
0.20
1994
 
8,779,568
0.703
12,483,390
203.5
2.24
0.20
1995
 
9,074,376
0.718
12,636,471
206.0
1.23
0.19
1996
 
9,582,795
0.733
13,065,191
213.0
3.39
0.19
1997
 
10,059,895
0.746
13,480,958
219.8
3.18
0.19
1998
 
10,834,640
0.752
14,404,701
234.9
6.85
0.19
1999
 
11,689,580
0.763
15,312,924
249.7
6.31
0.19
2000
 
12,684,504
0.782
16,213,337
264.3
5.88
0.19
2001
 
13,506,631
0.797
16,938,763
276.2
4.47
0.20
2002
 
13,971,295
0.808
17,293,561
282.0
2.09
0.20
2003
 
14,469,288
0.824
17,568,770
286.4
1.59
0.20
2004
 
15,317,204
0.844
18,145,981
295.9
3.29
0.20
2005
 
15,791,446
0.868
18,190,395
296.6
0.24
0.20
2006
 
16,277,784
0.892
18,253,957
297.6
0.35
0.19
2007
 
16,831,673
0.914
18,407,744
300.1
0.84
0.19
2008
 
17,361,758
0.942
18,434,655
300.6
0.15
0.19
2009
 
17,133,318
0.941
18,208,725
296.9
-1.23
0.20
2010
 
17,817,857
0.957
18,617,478
303.5
2.24
0.20
2011
 
18,605,396
0.981
18,959,754
309.1
1.84
0.20
2012
 
19,110,941
1.000
19,110,941
311.6
0.80
0.19
2013
 
19,530,518
1.013
19,271,129
314.2
0.84
0.19
2014
 
19,836,343
1.028
19,290,424
314.5
0.10
0.19
2015
 
20,339,754
1.030
19,738,710
321.8
2.32
0.18
2016
 
20,831,378
1.041
20,012,660
326.3
1.39
0.18
2017
 
21,407,506
1.059
20,209,297
329.5
0.98
0.18
2018
 
22,057,433
1.081
20,396,543
332.6
0.93
0.18
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_1200_PSN
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Industry Earnings, 1969-2018
 
1969
 
653,665,000
0.200
3,265,875,593
100.0
N
1970
 
693,352,000
0.210
3,309,398,119
101.3
1.33
1971
 
742,094,000
0.218
3,397,710,728
104.0
2.67
1972
 
819,646,000
0.226
3,629,000,266
111.1
6.81
1973
 
918,964,000
0.238
3,860,868,835
118.2
6.39
1974
 
993,909,000
0.263
3,781,997,717
115.8
-2.04
1975
 
1,059,492,000
0.285
3,721,433,088
113.9
-1.60
1976
 
1,173,271,000
0.300
3,906,736,148
119.6
4.98
1977
 
1,303,767,000
0.320
4,076,055,149
124.8
4.33
1978
 
1,476,080,000
0.342
4,314,635,644
132.1
5.85
1979
 
1,648,363,000
0.373
4,425,016,778
135.5
2.56
1980
 
1,784,597,000
0.413
4,325,037,565
132.4
-2.26
1981
 
1,961,173,000
0.450
4,362,233,640
133.6
0.86
1982
 
2,053,729,000
0.475
4,327,648,769
132.5
-0.79
1983
 
2,188,018,000
0.495
4,422,561,345
135.4
2.19
1984
 
2,432,402,000
0.513
4,737,553,318
145.1
7.12
1985
 
2,615,791,000
0.531
4,923,007,867
150.7
3.91
1986
 
2,786,901,000
0.543
5,133,359,735
157.2
4.27
1987
 
2,996,000,000
0.560
5,353,441,498
163.9
4.29
1988
 
3,259,979,000
0.582
5,606,058,365
171.7
4.72
1989
 
3,467,027,000
0.607
5,712,682,485
174.9
1.90
1990
 
3,679,460,000
0.634
5,807,686,844
177.8
1.66
1991
 
3,789,428,000
0.655
5,787,772,059
177.2
-0.34
1992
 
4,059,023,000
0.672
6,038,595,317
184.9
4.33
1993
 
4,237,437,000
0.689
6,150,840,446
188.3
1.86
1994
 
4,456,948,000
0.703
6,337,193,232
194.0
3.03
1995
 
4,674,849,000
0.718
6,509,934,411
199.3
2.73
1996
 
4,956,180,000
0.733
6,757,260,110
206.9
3.80
1997
 
5,288,047,000
0.746
7,086,350,053
217.0
4.87
1998
 
5,707,014,000
0.752
7,587,500,000
232.3
7.07
1999
 
6,098,042,000
0.763
7,988,212,948
244.6
5.28
2000
 
6,598,743,000
0.782
8,434,515,243
258.3
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.6
2.08
2002
 
7,001,130,000
0.808
8,665,944,621
265.3
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
269.3
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
278.4
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
283.6
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
292.5
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.9
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
293.0
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.7
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.7
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.7
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
303.2
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
309.1
1.96
2014
 
10,687,445,000
1.028
10,393,314,208
318.2
2.95
2015
 
11,111,139,000
1.030
10,782,802,659
330.2
3.75
2016
 
11,374,304,000
1.041
10,927,269,408
334.6
1.34
2017
 
11,921,152,000
1.059
11,253,907,806
344.6
2.99
2018
 
12,510,655,000
1.081
11,568,622,102
354.2
2.80
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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